CSP Inc. Plans Quarterly Dividend of $0.03 (NASDAQ:CSPI)

CSP Inc. (NASDAQ:CSPI) announced a quarterly dividend on Thursday, May 15th, Wall Street Journal reports. Stockholders of record on Wednesday, May 28th will be given a dividend of 0.03 per share by the information technology services provider on Wednesday, June 11th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date is Wednesday, May 28th.

CSP Stock Down 14.5%

NASDAQ:CSPI opened at $14.33 on Friday. The firm has a market capitalization of $141.58 million, a P/E ratio of 1,434.43 and a beta of 0.88. The company has a fifty day moving average of $15.76 and a 200 day moving average of $16.11. CSP has a 52 week low of $10.76 and a 52 week high of $21.95.

CSP (NASDAQ:CSPI) last issued its quarterly earnings data on Wednesday, May 14th. The information technology services provider reported ($0.01) EPS for the quarter. CSP had a net margin of 0.14% and a return on equity of 0.17%.

About CSP

CSP Inc develops and markets IT integration solutions, security products, managed IT services, cloud services, purpose-built network adapters, and cluster computer systems for commercial and defense customers worldwide. It operates in two segments, Technology Solutions and High Performance Products. The Technology Solutions segment provides third-party computer hardware and software as a value-added reseller to various customers in web and infrastructure hosting, education, telecommunications, healthcare services, distribution, financial and professional services, and manufacturing industries.